Being in debt is stressful, but owing money to the IRS is extremely stressful. Fortunately for Lafayette residents, there are tax resolution services to help you manage the amount you owe in back taxes. Our partners at ConsumerAffairs researched the best tax relief companies in Lafayette to help you remedy your financial woes.
When you owe back taxes to the IRS, tax debt relief services in Lafayette help you reduce the amount you owe and pay it off more efficiently. Back taxes accumulate when you don’t fully pay off your tax bill from a previous year. These taxes accrue interest and penalties while they go unpaid, and the IRS has 10 years to pursue payment for them.
The IRS has programs to aid people with tax debt, but some find these procedures difficult to manage on their own. Tax relief companies in Lafayette guide debtors through these tax relief programs and ensure the best possible odds of success.
Consumers looking for financial assistance with their back taxes should look for tax relief services such as:
Installment agreements: These allow you to pay off your tax debt in manageable portions.
Innocent spouse relief: This protects people who filed a joint tax return from their spouses mistakes.
Penalty relief: The IRS penalizes specific mistakes. You may qualify for penalty relief or interest abatement if you have a good record and intend to pay off your past fees.
Offer in compromise: This is a settlement with the IRS for an amount less than you originally owed. The IRS only accepts OICs when it believes it will never receive the full amount anyway.
To leverage any of these options to the fullest, work with a tax relief professional in Lafayette. However, these companies often work with customers who have a minimum amount of tax debt, typically around $10,000. This minimum ensures that the tax relief costs are worth it for the consumer.
How much does tax relief cost?
The cost of tax relief in Lafayette varies based on the services you require and the company’s fee structure. Most tax relief companies begin their fees around $1,000 - $2,000 with a few on the higher end around $5,000.
The structure of tax relief contracts tend to include either:
Upfront fees: Some companies require customers to pay the entire tax relief service fee before beginning work. Be cautious with companies charging upfront, as they may be a scam.
Partial payments: You may have to pay a portion of the total fee upfront with the rest due upon completion of the tax relief services. These companies usually require clients to complete the entirety of their contract.
Monthly payments: Certain tax relief companies offer monthly fee contracts to space out the payments.
Some situations increase the amount you have to pay, including everything from the amount of back taxes you owe to the complexity of your case. Many companies in Lafayette calculate this based on either the time spent working on your case or your overall level of debt.
How long does tax relief take
Tax relief services in Lafayette typically take anywhere from one to six months to complete, depending on your particular case and the amount of back taxes owed to the IRS. It is best to ask tax relief companies how long they believe the entire process will take for your particular case before signing a contract. If possible, get the answer in writing.
Tax relief scams
When you owe a significant amount of money to the IRS, it’s tempting to hire the first tax relief company you find. However, there are tax relief scams in Lafayette targeting vulnerable consumers like you.
To avoid scams in Lafayette, steer clear of services that offer exaggerated guarantees, pay employees commission or have a strange fee structure. Be sure to ask about potential refunds or cancellation fees if the company is unable to complete your case.
Anthem Tax Services is a BBB accredited company that employs tax professionals with over 30 years of combined experience. The company works with cases and resolutions ranging from offers in compromise to penalty abatement. Online reviews are positive and mention a smooth process and desirable outcomes.
Community Tax has helped more than 60,000 clients. In addition to its tax relief services, the company’s attorneys and CPAs also assist with accounting, bookkeeping, tax preparation and tax assurance. Reviews from local customers cite its kind staff members and tax monitoring capabilities as the reasons for their satisfaction.
Since 2005, Larson Tax Relief has offered emergency and long-term tax relief services. The company employs 20 enrolled agents who assist customers across the country, including Lafayette. Local reviews mention professional representatives and clear, consistent communication.
J. David Tax Law provides prospective clients in Lafayette with 100% free, no-obligation consultations. In most cases, its experienced tax attorneys get wage garnishments removed in as little as 48 hours. The firm also has flexible payment plans to help people in need get the tax relief they deserve. Online reviews are almost entirely positive and appreciative of the company’s services.
Victory Tax Lawyers specializes in tax controversy, resolution and litigation. This firm only employs attorneys with at least five years of professional experience. Lafayette customers can request a free consultation to see if they qualify for the firm’s tax relief services. Online reviews praise the firm’s prompt attention and commitment to customers.
Fortress Financial has been working to resolve customers’ back taxes since 2003. All of its tax resolution services, including OICs, penalty abatement and installment agreements, come with a 100% money-back guarantee. Former clients speak highly of Fortress and the customized care it provided.
Instant Tax Solutions boasts an A+ rating with the BBB and offers consumers in Lafayette the ability to calculate how much they can save using its online estimator. The company assists with tax resolutions including offers in compromise, penalty abatement and installment agreements. Customer reviews mention the company’s consistent communication and results as the reason for their positive experience.
Attorney's Tax Relief
Based in Chicago, Attorneys Tax Relief offers free, confidential consultations to customers in Lafayette and has the highest offer in compromise acceptance rate in the U.S. Reviewers consistently praise the company’s results and offer thanks to the employees for their hands-on assistance.
The Tax Resolvers is a BBB-accredited tax relief company that works with tax attorneys, arbitrators and accounting experts to manage your IRS debt. This company also offers tax consulting, tax preparation and tax settlement. Online reviews are positive, and customers appreciate the help they received through The Tax Resolvers.